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(EMAILWIRE.COM, February 12, 2019 ) According to the new market research report "Connected Car Devices Market by Communication Type (V2V, V2I, V2P), Connectivity Type (DSRC, Cellular Network), Product Type (Das, Telematics), Vehicle Type (PC, LCV & HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCV) and Region - Global Forecast to 2021", published by MarketsandMarkets™, The global connected car devices market is projected to grow at a CAGR of 16.3% from 2016 to 2021, to reach USD 57.15 billion by 2021.
The major factors responsible for the growth of this market include the introduction of advanced technologies such as adaptive cruise control and lane departure warning systems in premium and mid-segment cars and raising awareness about the vehicle, driver, and pedestrian safety.
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“Asia-Pacific: High growth potential market”
The Asia-Pacific region is projected to witness the highest CAGR from 2016 to 2021. The major factors responsible for this regionÂ’s growth include increasing demand for driver assistance systems and government laws favoring the implementations in passenger cars, especially in developed countries like Japan and South Korea. These two countries have vehicle safety regulations equally stringent as that of Europe and North America. Additionally, improving socio-economic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of demand for premium segment passenger cars, which in turn has accelerated the market for connected car devices in these countries.
The report includes detailed profiles of the following companies:
• Continental AG
• Denso Corporation
• Delphi Automotive, PLC
• Robert Bosch GmbH
• Autoliv, Inc.
• Infineon Technologies AG
• Valeo S.A.
• Magna International, Inc.
• ZF Friedrichshafen AG
• Visteon Corporation
“Dedicated Short Range Communication (DSRC): Technology for present and future”
Dedicated Short Range Communication (DSRC) enabled devices are used to communicate vehicle data for a short range up to 1000 feet. DSRC devices use Radar and Lidar technologies for short range rapid communication in various applications such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). Its applications include driver assistance technologies such as lane departure warning and advanced cruise control systems. The market for these technologies is on the rise and the trend is expected to continue in the near future. DSRC technology is a high growth potential market in the overall connected car devices market.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂ’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
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MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com 
Source: EmailWire.com
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